Fintech PR
Auchan Go – a new dimension of retail
Auchan opens the first self-service store in the Polish market and announces further development of its autonomous concept
WARSAW, Poland, June 29, 2023 /PRNewswire/ — Auchan Retail Poland has launched the first fully autonomous store within its innovative Auchan GO concept. Located in Warsaw, the new cashier-free store is open 24/7 and allows customers to shop in an exceptionally quick, comfortable and seamless way. At the same time, the new format features a wide product offering, that includes a range of fresh products, standard for the Auchan brand. The advanced AI-powered solution used in the store are provided by Trigo, the strategic partner of the project, whose technology enables frictionless shopping and automated operations.
Poland is the first market where the Auchan Go store is fully operational for shoppers, following successful tests of the frictionless concept in France.
“The Auchan GO concept is the latest of our solutions that we introduce to provide our customers with unparalleled comfort and a highly personalized shopping experience,” says Katarzyna Tokarewicz, Director of Transformation and Projects at Auchan Polska. “We are constantly observing how the needs of today’s consumers change dynamically, hence the large variety of shopping paths we offer and our focus on combining digital solutions with new concepts of brick-and-mortar stores. In the case of the Trigo platform introduced in Auchan GO, we particularly appreciate its exceptional accuracy and reliability, as well as the flexibility and scalability of the solution. This advanced system provides the technological capability to efficiently digitise and automate both small and larger store formats, with more shoppers and more product diversity. This approach fits in with our plans, as we treat the newly opened shop as a kind of laboratory. We assume that the Auchan GO concept will constantly evolve to meet the changing expectations of our customers. Ultimately, we plan to open approximately 40 outlets of this type over the next few years.”
The new Auchan GO – opened in Warsaw at Kasprzaka Street 29 – is the smallest of Auchan’s retail formats. Occupying an area of 75 sqm, up to 30 customers can do their quick and frictionless shopping, with no need to use cash registers.
The store’s rich assortment offers more than 1,000 products, including drinks and snacks, bread, dairy products, frozen food, BIO products, delicatessen, and industrial products. Of particular note is the range of fresh produce – meat, cold cuts and fruit. Auchan GO also offers freshly brewed coffee. More than 40% of the store’s range is Auchan’s private label products, including popular Pewni Dobrego branded products.
How Auchan GO works
Before entering Auchan GO, customers simply need to swipe their payment card and register their phone number. This can be done easily and securely thanks to a conveniently-located terminal at the store’s entrance.
The advanced EasyOut™ Trigo system installed in the store uses specialized vision cameras together with on-shelf sensors. With the highest accuracy, it collects data on every shopper-product interaction undertaken in the store, generating digital shopping baskets in real time to enable seamless checkout. Payment is made automatically just after the customer leaves the store, with a digital receipt then sent to his/her phone.
Importantly, EasyOut™ incorporates an innovative privacy-by-design architecture, which means that no biometric or facial recognition data are gathered or analysed by the system. This ensures shoppers are afforded full data protection in compliance with GDPR regulations.
“Trigo is delighted to introduce the first Poland Auchan store, supported by Trigo technology,” says Michael Gabay, co-founder and CEO of Trigo. “Auchan is a prominent and forward-thinking player in the global grocery retail sector. Our inaugural store in Poland represents a significant advancement in frictionless payment options, further elevating the shopping experience.
“By enabling contactless card payment, we have enhanced the convenience and intuitiveness of the shopping process for a diverse customer base. This cutting-edge solution empowers Auchan Retail to provide an unparalleled shopping experience, resulting in amplified sales and strengthened customer loyalty.”
Trigo’s AI-driven technology platform offers the flexibility to accommodate various grocery formats and a full range of supermarket assortments that further underscores the company’s recognition as a leading European supplier of advanced technology solutions that are shaping the future of retail.
About Auchan
Auchan Retail Polska is a large-scale retail chain with French roots, present in Poland since 1996, managing on the Polish market a network of hypermarkets under the Auchan brand, supermarkets under the Auchan Supermarket brand, convenience stores under the Easy Auchan brand, neighborhood stores under the Moje brand Auchan, autonomous stores under the Auchan GO brand, as well as an e-commerce channel. The chain also has franchise stores in the supermarket and hypermarket format.
About Trigo
Headquartered in Tel Aviv, Israel, Trigo is a computer vision company that is driving the transformation of traditional retail outlets into smart stores. Leveraging world-class AI experts, Trigo works with retailers to convert their existing stores to enable frictionless shopping experiences and data insights that drive revenue and optimize store operations, all while maintaining stores’ unique character and layout.
Trigo’s advanced retail automation platform identifies shoppers’ movements and product choices with exceptional accuracy, generating digital shopping baskets in real time to enable seamless checkout. Trigo’s GDPR-compliant solution is built with a privacy-by-design architecture so that no biometric or facial recognition data are gathered or analysed. Powered by its proprietary 3D engine, Trigo offers grocery retailers a range of additional solutions through its StoreOS™ suite, including predictive inventory management, pricing optimization, security and fraud prevention, planogram compliance, and event-driven marketing. This layer quickly enables actionable insight that boosts the chain’s efficiency.
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Fintech PR
ewpartners Announces $50 Million Strategic Investment in Leshines to Localize Manufacturing in the Middle East
- Leshines is the supply chain solution provider of Lenovo Group, which ranks among the top ten on Gartner’s prestigious Top 25 supply chain list.
- The move reinforces ewpartners’ and Leshine’s commitment to fostering local industrial growth and empowering enterprises in Saudi Arabia.
RIYADH, Saudi Arabia, Nov. 5, 2024 /PRNewswire/ — ewpartners (formerly eWTP Arabia Capital), the first international investment firm to establish a Saudi-Asia cross border platform, has announced a USD $50 million investment in Leshines, the supply chain solutions arm of Chinese multinational tech company Lenovo at The Future Investment Initiative (FII), a premier global platform that drives transformative investments and fosters international partnerships for sustainable economic growth.
The investment accelerates the localization of Leshines capabilities in Saudi Arabia, further strengthening the Kingdom’s position as a vital player in sustainable global trade networks and supply chain operations.
Five months ago, Lenovo and PIF-backed company Alat announced a strategic collaboration, including a proposed US$2 billion investment. Today, this partnership is set to advance to the next step.
Leshines is also exploring the option of entering the KSA-Sino Logistics Special Economic Zone at King Salman International Airport in Riyadh, an initiative which was announced by the Saudi Ministry of Transport and Logistics earlier this month. Managed by ewpartners, the Zone will cover a total area of 4 square kilometres and consist of a logistics industrial park, an international commercial and business park, and corresponding living space and facilities. It will enable international companies to manufacture locally in Saudi and then springboard their distribution to other markets worldwide. It is expected to attract over 3,000 wholesalers and retailers and around 200 light industrial manufacturers from China and Asia.
Jerry Li, Founder and Managing Partner at ewpartners said the following on the announcement:
“This investment is a significant step towards building the future of Saudi Arabia that we all envision, and we are actively working to establish this goal. Our investment in Leshines underscores our commitment to this project and our determination to foster local industrial growth and the development of Saudi enterprises. By partnering with Leshines to bring advanced supply chain solutions to Saudi Arabia and the MENA markets, we further assist Chinese companies in exploring localized production and empower local enterprises, aligning with the Kingdom’s Vision 2030.”
Alan Zhou, COO of Leshines, commented on the announcement:
As Lenovo’s smart supply chain solution platform, Leshines will take this opportunity to establish roots in Saudi Arabia, focusing on the MENA region, and build the foundational strategic capabilities of an advanced digital supply chain. As a globally leading strategic fund, ewpartners’ strategic resources and unique advantages in KSA, the Middle East, and emerging markets perfectly match Leshines’ strategic vision and development roadmap. With solid support and a strong partnership with ewpartners, we are confident that Saudi Arabia will become an important node in the Smart Supply Chain Platform, contributing to the Kingdom’s Vision 2030.
The investment in Leshines marks the first transaction for ewpartners Fund II. Amid the growing synergy between China and the Middle East, ewpartners’ investment model has garnered recognition from key stakeholders in the region. Supported by Saudi Arabia’s sovereign wealth fund, ewpartners has also recently secured commitments from other GCC sovereign wealth funds, including USD 150 million from the Oman Investment Authority.
About ewpartners
ewpartners (formerly eWTP Arabia Capital) is an international investment firm specialising in cross-border investments between Asia and the MENA region. Backed by the Public Investment Fund (PIF), the firm has been active in Saudi Arabia since 2017 and was the first investment firm to launch a cross-border platform between the Kingdom and China.
Headquartered in Riyadh, ewpartners focuses on building value across borders by establishing strategic partnerships with exceptional companies. Our team’s expertise in shaping innovative conducive policy frameworks can support governments in fostering economic transformation and diversification driven by innovation and technology.
ewpartners is committed to investing in, supporting, and growing successful businesses across the Asia and MENA regions, with a focus on key industries and themes such as digital infrastructure & solutions, advanced manufacturing & energy transition, and logistics & consumer enablement.
About Leshines:
Lenovo Group is a global tech giant. For three consecutive years, Lenovo has ranked among the top ten on Gartner’s prestigious Top 25 supply chain list. As the strategic empowerment platform of Lenovo Global Supply Chain, Leshines is tasked with the important mission of driving supply chain transformation and upgrading through technological innovation. Drawing on Lenovo’s global industry strengths and management expertise, Leshines delivers digital international supply chain solutions tailored to the evolving needs of Chinese manufacturers expanding overseas.
About the KSA-Sino Logistics Special Economic Zone
The Special Economic Zone is a collaboration between ewpartners and the King Salman International Airport Development Company (KSIADC) and was announced on 13th of October 2024. The initiative is supported by the Ministry of Transport and Logistics and is one of several recently announced initiatives designed to strengthen supply chains and streamline trade, e-commerce and investment in line with the Kingdom’s Vision 2030. The project aims to create an integrated ecosystem that will encompass global enterprises, logistic facilities, supply chains, and high-end manufacturing, significantly bolstering Saudi Arabia’s regional and global distribution capabilities. International companies will establish manufacturing capabilities within the Zone and collaborate with Saudi enterprises to produce locally for distribution to markets around the world.
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Fintech PR
Xypex Chemical Corporation Expands Global Operations Acquires Xypex Australia and National Concrete Solutions
VANCOUVER, BC, Nov. 5, 2024 /PRNewswire/ — Xypex Chemical Corporation is pleased to announce that, effective November 1, 2024, Concrete Waterproofing Manufacturing Pty. Ltd. (CWM), trading as Xypex Australia, which also includes CWM’s subsidiary XMS (Thailand), and, National Concrete Solutions (NCS) will become wholly owned subsidiaries of Xypex Chemical Corporation, headquartered in Vancouver, Canada.
“This marks a significant step for Xypex in expanding and strengthening our global footprint,” said Mike Hardman – CEO of XCC. It will drive further growth and create more value for our customers, employees, and stakeholders. The new combined business will enhance our operations to deliver quality products and solutions to customers while optimizing costs and future investments.
About Xypex Chemical Corporation:
Xypex Chemical Corporation is a world leader in innovative waterproofing technology. For over 50 years, Xypex has developed advanced crystalline solutions for concrete waterproofing and protection. Xypex’s products are used in a wide range of applications, including infrastructure, and commercial construction projects in over 100 countries. www.xypex.com
For media inquiries, please contact: Chantell Segal, Marketing Director, Xypex Chemical Corporation, [email protected], 604-273-5265, www.xypex.com
View original content:https://www.prnewswire.co.uk/news-releases/xypex-chemical-corporation-expands-global-operations-acquires-xypex-australia-and-national-concrete-solutions-302296301.html
Fintech PR
Peritus Capital Secures Term Loan for Oberland Agriscience to Drive Sustainable Protein Production
NEW YORK, Nov. 5, 2024 /PRNewswire/ — Peritus Capital is pleased to announce a successful term loan arrangement for Oberland Agriscience Inc. The non-dilutive funding will support the Halifax-based company in scaling its production through equipment acquisitions and increased working capital.
Oberland Agriscience, a leader in sustainable protein, operates one of Canada’s largest Black Soldier Fly Larvae (BSFL) farms. It specializes in resilient, nutrient-rich ingredient solutions for aquaculture, pet food, poultry feed, and agriculture industries. The company leverages cutting-edge technology and automation, including machine learning and predictive analytics, to optimize its production processes, setting a new standard in the sustainable protein market.
“Black soldier fly larvae are extraordinary insects capable of transforming nearly any organic waste into valuable protein at a remarkable rate. Oberland’s rigorous, scientific approach positions it at the forefront of the sustainable protein revolution,” said Howard Tang, CEO of Peritus Capital.
The newly secured funding will help Oberland scale operations at its 108,000-square-foot Grassy Lake facility. This follows the success of its pilot farm, which operated for over seven years. The new production plant is projected to produce 3,500 tons of dry protein and 9,000 tons of frass annually, diverting 36,000 tons of pre-consumer waste from landfills and significantly reducing associated carbon dioxide emissions.
“Partnering with Peritus Capital to secure this investment is a tremendous win for us and the insect farming industry,” said Dr. Greg Wanger, Founder and CEO of Oberland Agriscience. “The global population continues to soar, and the food waste problem isn’t going away. Insects are natural to many animal diets, especially fish, and thus are an excellent ingredient in these feeds.”
About Peritus Capital
Peritus Capital is a boutique investment firm that invests in, supports, and finances the global development of ROI-generating, early-stage, and established corporates that integrate environmentally conscious practices in food production, focusing on the aquaculture sector. We are a global team with an extensive network of international investors able to invest across multiple geographies. Peritus Capital LLC is a broker-dealer registered with the U.S. Securities and Exchange Commission and a FINRA member.
Media Contact
Courtney Bosh
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Investor Contact
Ching Ryan
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